Modern Method of Auction
Auction date not yet published
1-bedroom flat · YO11 2LF
For saleListed 150 days
Opportunity summary
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About
FOR SALE BY MODERN METHOD OF AUCTION STARTING BID PRICE £22,000 PLUS RESERVATION FEE.
Situated in the heart of Scarborough, this well-presented second-floor retirement apartment offers a wonderful opportunity for those seeking secure, low-maintenance living within a friendly and supportive community.
The apartment features a bright and welcoming entrance hallway, which includes a useful built-in storage cupboard, ideal for everyday essentials.
The spacious double bedroom benefits from a built-in wardrobe, providing ample storage.
A light and airy lounge offers a comfortable living space and flows seamlessly into a compact, well-appointed kitchen.
The bathroom is fitted with a wet room, and electric heating ensures the apartment remains cosy and efficient throughout the year.
Homecrest House was built by McCarthy & Stone and consists of 45 apartments arranged over four floors, with lift access to each level.
Residents enjoy a range of communal facilities, including a sociable lounge and kitchen area, a communal laundry room, and guest accommodation for visiting friends and family.
There is also a dedicated storage and charging area for mobility scooters.
A convenient side entrance provides direct access to Albion Crescent, where residents can take advantage of nearby shops and excellent public transport links.
The development is supported by an on-site house manager and a 24-hour emergency Careline system, offering reassurance and prompt assistance when needed.
Parking is available on a first-come, first-served basis. The property is leasehold, with an originating lease term of 99 years from 1985.
Current service charges are around £2,500, which covers the maintenance of communal areas and services. Council tax is band A.
This apartment is available with no onward chain and is exclusively for residents aged 60 and over (or 60 and 55 in the case of couples).
It offers a fantastic opportunity to join a well-maintained and welcoming retirement community in the heart of Scarborough, just a short walk from the town centre and South Bay Beach.
HALLWAY 2.44m (8'0) x .94m (3'1) The apartment features a bright and welcoming entrance hallway, which includes a useful built-in storage cupboard, ideal for everyday essentials KITCHEN 2.24m (7'4) x 1.65m (5'5) Fitted with wall and base units, space for a cooker and fridge, single drainer sink unit.
LOUNGE/DINING ROOM 4.7m (15'5) x 3.2m (10'6) A pleasant living area with two windows and electric heater. BEDROOM 3.71m (12'2) x 2.64m (8'8) A double bedroom with built in wardrobes. Electric heater.
WET ROOM 2.03m (6'8) x 1.83m (6') Wet room fitted with a shower, WC, wash hand basin, and handrails.
GUEST ROOM There is the luxury of a guest bedroom situated on the lower ground floor for family and friends to stay in.
The guest bedroom has a small kitchen and bathroom and costs £20 per night for one person, £25 per night for two people. LAUNDERETTE A launderette, which is for use by the residents.
COUNCIL TAX Online enquiries suggest the property lies in `Band B. Verbal enquiries can be made to North Yorkshire Council on .
SERVICES Mains supplies of water, electricity, and drainage are connected to the property.
(Please note it is not company policy to test any services or appliances in properties offered for sale, and these should be verified by the purchasers) TENURE / MAINTENANCE Leasehold apartment with an originating lease term of 99 years from 1985.
Current Service Charges are around £2,500. Ground rents approx £450 TBC INSPECTION Strictly by appointment through the agents. DISCLAIMER These particulars are subject to constant review and updating.
Comments under tenure, council tax, planning use and service availability are provided for guidance only and are not based on formal enquiry, which is outside the scope of our Agency instructions.
It remains for purchasers to satisfy themselves as to the facts. We cannot therefore accept any responsibility for information provided in good faith which may subsequently require amendment.
Measurements provided are approximate only and should not be relied upon for other purposes.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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